LAOPU GOLD (06181) released its annual performance, with a profit attributable to shareholders of 4.868 billion yuan, an increase of 230.5% year-on-year.

LAOPU GOLD (06181) released its annual performance for the year ended December 31, 2025. The group achieved revenue of 27.303 billion yuan, an increase of 221% year-on-year; the profit attributable to owners of the parent company was 4.868 billion yuan, an increase of 230.5% year-on-year; basic earnings per share were 28.35 yuan; the proposed final dividend is 11.95 yuan per share. During the reporting period, the price of gold continued to rise, with sharp increases at certain times. The weighted average price of gold rose from 633.21 yuan/gram in January 2025 to 979.92 yuan/gram in December 2025, an increase of 54.8%. Due to the rapid rise in gold prices after two adjustments in 2025, the gross profit margin of the group slightly decreased to about 37.6% during the reporting period. However, after the third adjustment in October 2025, the gross profit margin returned to above 40%. The short-term fluctuation in gross profit margin did not affect the group's earnings. Due to the scale effect generated by the explosive growth in performance, the net profit margin adjusted by non-International Financial Reporting Standards increased from 17.7% for the year ended December 31, 2024 to 18.4% for the year ended December 31, 2025. The group's gross profit increased by approximately 193.4% from about 3.501 billion yuan for the year ended December 31, 2024 to about 10.274 billion yuan for the year ended December 31, 2025. The net profit adjusted by non-International Financial Reporting Standards increased by approximately 234.9% from about 1.502 billion yuan for the year ended December 31, 2024 to about 5.029 billion yuan for the year ended December 31, 2025. The increase in revenue and gross profit during the reporting period was mainly due to: (i) the continued expansion of the group's brand influence, leading to a significant increase in overall revenue for Wuxi Online Offline Communication Information Technology Co., Ltd. shop; (ii) continuous optimization and iteration of the group's products, ensuring the continuous high growth of revenue for Wuxi Online Offline Communication Information Technology Co., Ltd.; and (iii) compared to 2024, the group added 10 new stores, optimized and expanded 9 stores, resulting in incremental revenue contribution. In the future, the group will adhere to the brand positioning of the group, continuously expand the brand's market momentum, continuously conduct original product design research and development and technological innovation, continuously promote product continuous upgrades and iterations, actively expand market areas and market space, and commit to the market strategy of "brand internationalization and market globalization", aiming to create the world's leading gold and jewelry brand with super competitive strength. The increasing brand influence and products that continue to ignite the market have filled the group with confidence in future growth prospects. The group has always adhered to the corporate values that the group has always pursued, persisting in the brand vision of "brand internationalization, market globalization". Based on Chinese cultural classics, focusing on product consumer value, subverting industry business traditions, restructuring industry market patterns, and opening up a new era for the industry.